LINKBTC, The squeezing accumulation!Look at this clear picture!
The price bounced off the support line perfectly yesterday.
If we will see a breakout from the triangle it can be a possible impulse after this huge accumulation.
The potential profit will be 3 times bigger than the risk.
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LINKBTC
#LINK What if Link could hold its support and melt up with #BTCBonjour/ Good morning,
1. BTC did break its YTD ATH (year-to-date All-time-high), a close of BTC above this level could trigger off another rally. It does not mean that we will not see any pullback, however my mainly target in BTC will probably be at the upside of the bullish channel.
2. There are two reasons I particularly like in Link price actions: Link is undoubtedly one of the best performance Altcoin this year + Link is also one of the Altcoins which could hold nicely its Satoshi value ( EMA 200 Link/BTC support, some wicks explosive to push the Link/BTC below EMA 200, however we still see Link manages to hold its Satoshi).
3. Conditions:
BTC needs to close its Monthly and YTD above 12k5 12k8, any pullback in BTC would be healthy to consider buying the dips. My expectation for BTC is as bullish as Link.
Link/BTC needs to hold its support around EMA 200.
Target BTC: 16-18k, eventually ATH again in Q1 2021. Thus, you can calculate your Link targets as well, IF AND ONLY IF LINK/ BTC remains above the EMA 200 and moves towards the EMA 21 in daily TF.
Risk: There are so many risks now in Equity markets due to negative news about Covid. VIX and DXY appreciations could impact Crypto markets, however as many people, I hope that we will see the decoupling between the Equity markets (US Indexes) vs BTC.
(Since March 2020, we have been experiencing a very strange situation that all three markets Equity, Gold and BTC are moving V shape together due to Money supply and Market sentiments.)
P/S: It is very volatile in Crypto markets, however if you don't trade much margins in Crypto, you should be or at least atm are very profitable with high YTD rate of return.
( #BTC, #LINK, #ADA, #XMR). #BTC KING IS RETURNED ?!
Thank for your sharing and comments. Welcome and thanks a lot for any Altcoins recommendation.
Chain-link the path to 0.01 bitcoin per linkIn my opinion Chainlink is the darling of this market cycle due to the fundamentals.
The technicals of the Chainlink chart are the best in the whole market buy a huge margin. I feel we are at the very beginning of a new crypto bull cycle. Chainlink went from 0.2 USD to 20 USD in a bear market so I am excited to see what it can do in a bull market, definitely a must hold in your portfolio. If you believe that it is possible for bitcoin to go to $1'000'000 USD + then if chainlink can keep up it's current pace of growth the returns could be astronomical.
It will be a interesting next 5-10 years.
LINKUSDTLINKUSDT LONG-TERM CHART
Cir. Supply - 389,509,556 LINK
Total Supply - 1,000,000,000 LINK
Market Cap - $4,514,189,423 ($4.5 Billion)
Scenario 1: - Watch out for the Whales DUMP
#Link has been showing minor breakouts in past few week but none looks sustainable and solid.
I now therefore expect ChainLink to return to $1.50 to $1.65 Billion Market cap.
If Link breaks our channel marked here then it is a sign of its down trend.a I believe during Nov 2020 - March 2021 whales normally takes their profits and Would be happy to bet all in at $4.2 - $4.5 level. Which is a major support and was its breakout point.
Scenario 2: - BTC forms a flag here and then comes PUMP
Link has been reacting positively to BTC rise since long. As, more money in BTC means more money for LINK or BNB or ETH platform.
Thus, If BTC continues to surprise us and breaks 13,500 resistance then there is no reason for Link to be bearish.
Just as ETH or BNB it will cont. to sail ahead along BTC and will hit the new ATH finding resistance around $24-$25
<> This is Not a Financial advice. Just sharing my thoughts.
LINK / BTC - Update: Link Hard Pullback Coming SoonAn update on my previous idea, roughly where I think we're headed and when to buy back in (long-term). Obviously, still plenty of opportunities to make nice trades between now and then.
Edit: forgot to update the fibs, here:
See previous idea linked below, and old chart image here:
Learning the BARR Top Pattern : Chainlink; is the run over?IF Chainlink does not claim 13$ again soon we may be putting in a bearish retest of a BARR TOP (Bump & Run TOP) Pattern.
The pattern is explained below and there are some obvious key area to watch on the LINK/USDT Chart.
Note the below image of Bitcoins run to 20000 as a comparison of a successful BARR TOP.
The Bump And Run Reversal Top (BARR Top):
• Follows strong bull market at steep angle
• Initial “bump”, followed by a hook shaped movement reversal
• Sell on the retest key diagonal trendline or buy if the pattern fails and reclaims the trendline
• GOOD SUCCESS RATE
Price has a strong uptrend off in two phases - the bump & the run, first a small increase then recovery occurs, then price increases with massive volume at a very sharp angle. The BARR Signifies a trend change from strong Bull to strong Bear market.
Price then makes a sharp peak and comes down breaking the support line the angle of this support line is usually around a 35-50 degree angle. It then throws back and bearish retests off that previous support (this is the entry point), its common for this rejection to be at the 0.618 fibonacci level.
Link has already made its sharp peak and has rejected right off the diagnol BARR trendline.
Log scale is to be used when identfying pattern. The possible price target is the start of the pattern, BARR Tops usually have strong breakouts but do not always hit price target.
Note how in the chart of LINK USDT we are rejecting right off the 0.618 fibonacci level, until price gets back above that LINK may continue to decrease in value.
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I look foward to hearing your comments.
Link LINKUSDT - Elliott wave + rising wedge- This Elliott wave count is valid, we have this rising wedge pattern with 5 waves completed.
- Overall this structure is corrective rather than impulsive
- Also, bulls are not able to break the main horizontal resistance
- I would not short link, it is a good coin and you can short any other weaker coins, like SNX or UNI
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LINK: Indicators Setting Up For A Bullish Move!BINANCE:LINKUSD
Link Maintaining Bullish Momentum. Forming Higher Lows
Indicators Setting Up For A Bullish Move!
Breaking Out On Ascending Triangle Will Yield --> Target: $13 LINK
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LINK/USDT (Retest Key Level Resistance)💎Technical Analysis Summary💎
BINANCE: LINKUSDT
-Since the low around $7 last September 23
-Its value today has increase more than 40%
-The price is now trading just below the key resistance level
-That is a sign of strength in the short term
-If the Bulls can break above its key resistance
-Potential buyers might enter the market quickly
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